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In yesterday’s letter, we wrote:

This is what happened. The market initially dipped but defended the 7107 ‘bullish hold’ support level shortly after yesterday’s close, which set the stage for a steady climb toward our resistance target of 7149. Then in the regular session we retested most of these supports and dipped and defended the key 7057 level but managed to maintain above into the close. $SPY ( ▼ 0.66% )  $SPX ( ▼ 0.63% )  $ES_F ( ▼ 0.67% )  

See how well the levels work?

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Now, looking ahead, we must keep an eye on how these levels hold. Where must we defend tomorrow if we dip further and what resistances must reclaim for further upside potential?

More in the trade plan below.

Below, we’ll cover the actionable levels, how we played them today and what they mean for the next session.

The defense at 7107 SPX ‘bullish hold’ support overnight and subsequent run of 40 points or the dip & defense at 7057 in the regular session are both prime examples of the support levels at work. Always trust the levels.

Now we are sitting in after hours right on the key 7090 support level. What does this mean and where do we go from here? Read below for our trade plan which includes actionable support & resistance levels, outlook for the next session and today’s trade recap.

Learn the system to make 1-3 low risk, high reward trades per day using SPY/SPX options.

If you are enjoying this letter, consider sharing with a friend! We even have a referral program where you can earn free subscription time for referring others that sign up for a paid subscription.

Don’t miss the Topic Directory - Getting lots of questions that are answered in here.

There seems to be some confusion as to the premium subscription and the discord chat. If you are premium and you do not have access to the “Premium Members Only” channels including “members-only” please authenticate yourself in the “bot-request-premium” chat. Or send me a DM in the discord!

Also - if you missed it - join our chat during market hours for premium subscribers. We are now leveraging discord for this. Link is at the very bottom of premium content: Trading Plan section below.

Trading Plan

Today’s .6% move lower on elevated volume, indicates some profit-taking or caution among traders, but the ongoing defense of our support levels puts us within the consolidation range.

For tomorrow, we have a quieter day in terms of economic reports, with only crude oil numbers set to be released in the morning. However, it’s crucial to stay alert to any news from Iran or updates from the White House, as these could impact market sentiment significantly.

We are receiving some great questions from beginners. This is helping us develop guides for this group as well as the course. More to come but we’ve created a separate channel in the discord just so you don’t have to be shy about bringing those questions to the group. No question is dumb, we grow stronger together!

In fact, we’ve created this single resource as a guide. It is a living document and we will continue updating it. You must be logged into the site to read it:

https://letter.spyoptionsactionablelevels.com/p/strategy-guide-the-basics

As readers know trading after a massive move in either direction is risky.

Trying to predict when trend will break is a fool’s game because the trend can be stronger than you ever realize.

Going with the trend is hard because it has already run so far (or dropped) and move may be close to over.

All you can do is pick your entries carefully and with proper position sizing. Trading out 1-3 DTE or further also helps soften the blow.

Yes it will decrease the amount of profit but will greatly help keep you in a trade long enough to see return.

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